2016

‘It was a very exciting time interfacing with a set of SDMIMD’sPGDM Year II students on Financial Statement Analysis (FSA) intensively for few days during and shortly after the highly successful 2nd International Conference on Inclusive Economic Growth and Sustainable Development which was held on the same campus in Mysore, India, 17-19 November 2016. I feel very delighted that the students responded very well throughout the very engaging sessions covering conceptual and theoretical discussions, lectures, applications, and group/team activities, presentations that characterized the pedagogy for this course with high usefulness for finance and non-finance majors. Students appreciated the fact that every business desires to know how it is doing financially for effective decision-making and strategizing robustly in today’s increasingly competitive markets, and in this respect, the preparation and intelligent analysis of firms’ financial statements and related competencies are highly needed. Indeed, I am highly impressed with the students’ probing questions on the whole essence of this course and, particularly, with the enthusiasm these particular students all displayed while they work in five teams doing practical assessment of the current financials of leading Indian companies across Pharmaceuticals, Oil, Automobile, ICT, and FMCG industries within the shortest possible time available for this interaction. I wish the students the very best of luck as they try to make good use of some of the learning points gained from the FSA interactions’.

VITTAKASH - the annual flagship event from ‘Finacle’ – the SDMites Finance Club was held on November 22, 2016 at SDMIMD. ‘Indian Economy: Boom or Bubble’ was the theme for VITTAKASH ’16. A total 16 teams of 2 members each got selected for the final round from the first round of online quiz held on November 14, 2016. Students from the Symbiosis Institute of Business Management (SIBM), Bengaluru, won the first prize of Rs. 20,000 and Mysore Royal Academy (MYRA) stood second with the cash Rs. 15,000. Click here for Vittaksh Event Photo Gallery

Students of "Lean and Green Management" course had an opportunity to witness Lean and Green Management in action at Toyota Kirloskar Auto Parts Pvt. Ltd. (TKAP), Bidadi on the outskirts of Bangalore on November 19, 2016.

TKAP was established in 2002 and manufactures Axles & Shafts, Transmissions and Engines for Toyota vehicles. These power train subsystems are supplied to Toyota companies in India and globally.

The plant visit kicked off with a welcome note and a brief introduction to Toyota History and Philosophy by Manufacturing Head and VP, Mr. SadashivBaligar. He stressed that Toyota's fundamental philosophy rests on two key principles viz: Respect for the people and Continuous improvement. This was followed by a session on overview of Toyota Production System (TPS) and implementation at TKAP by a Certified TPS trainer Mr. Dixit. He explained how TPS focuses on Safety, Quality, Productivity, Cost, Employee morale and Customer satisfaction which are central to the TPS. Further a tour of shop floor was conducted to observe manufacturing and assembly of Power train (Engine, transmission and drive shafts).

Shop floor tour gave an insight and good understanding of shop floor management practices of Toyota including 5S implementation, Zen in Sanka (total employee involvement), Operation of Kanban system for production and WIP control, Pokayoke (foolproof systems), visual control systems like Andon, Mizsumashi, part supply and replenishment through Automatic guided vehicles (AGVs).

The visit concluded with a lunch at the cafeteria hosted by TKAP and final Q&A session with TKAP shop floor management team who clarified and addressed various queries and doubts from students on the TPS implementation at TKAP.

Overall, it was a great learning experience for students to see various lean tools in action and could get a holistic view of lean management system by the pioneers of Lean Management.

The 2nd International Economics Conference was held on November 18 &19, 2016 on the overreaching theme of “Inclusive Economic Growth and Sustainable Development”. The Conference was inaugurated by Dr KaliappaKalirajan, Professor of Economics at Australian National University, Canberra. After formally inaugurating the conference, Prof. Kalirajan delivered the keynote address. His talk centred around Asia emerging as an economic power of the 21st century. Emphasising on the need for regional co-operation among the Asian countries, Dr.Kaliragan advocated that such co-operation would facilitate better trade relations, sharing of technological resources which in turn could help each other in becoming the economic powers of tomorrow.

Shri. AshokBalaram, Senior Vice President, SysInformation while delivering his invited lecture, provided valuable insights on the role of health sector in the inclusive growth and sustainable development. Shri. AbhishekRanjan, Global Head-CSR and Sustainability of Brillio Technology stressed that CSR is the mechanism towards sustainability and such practices should be implemented in all business processes which would help enhance operational efficiency, labour satisfaction, create a brand value and recognition and create a greener supply chain.

In his technical session, Dr Stephen Aro-Gordon, Professor of Finance, Baze University, Nigeria spoke on “Green Banking in Nigeria: The first steps”.He also provided insight on ramifications of green banking, green patterns and the need for green banking in agriculture in Nigeria.

Shri. K.N Janardhana, National Director, RSETIs, spoke on the role of rural self-employment institutes in inclusive economic growth and sustainable development. He narrated the success story of RSETIs in meeting the objectives of inclusive growth. Dr.Stuart Locke, Professor of Finance, Waikato University, New Zealand delivered the valedictory address. He analysed the empirical results reflecting how environmental factors, social factors and corporate governance would impact financial performance of the corporate organisations.

The conference was attended by more than 250 delegates from several countries including Australia, New Zealand, Nepal, Bangladesh, Nigeria, Fiji, Iran and other Middle East countries. More than 180 research papers and case studies were presented, discussed and deliberated across the two days. Various issues pertaining to the conference theme were debated in parallel track sessions. green energy, FDI, green practices, micro-finance, third sector initiatives for grass root growth were few among major topics discussed which has created foundation for further research.

The SDMites celebrated National Library Week 2016 in a Government School where they have taken-up the responsibility of giving ‘School Library’ to the young minds. The essay and drawing competition on theme ‘My School Library’ was organized for the high school children of AdarshaVidyalaya, Jockey Quarters, Mysore.

SDMites initiative LIFE@ School (Library Initiative for Education at School) which involves setting up and establishing a Library for the students of AdarshaVidyalaya. They have planned to operationalize the active library during December 2016. To understand the expectations from the children this activity was conducted as a part of National Library Week celebration. The exhibition of most circulated Management Classics, AV materials and Harvard Collections at SDMIMD Library was part of the celebration during November 16 to 20, 2016 at SDMIMD.

Mr. G. GiridharPrabhu, Director, AchalIndutriesPvt. Ltd. and Chairman of Economics Research Centre, Mangalore; delivered an invited talk on Indian Financial Sector. The talk focused on highlighting various issues pertaining to the Indian Financial Sector, at the institute on November 19, 2016.

Mr. Giridharanalysed the implications of GST on export sector and opined that impact of GST on the export industries will be positive. The talk concluded with a discussion with the SDMites on certain strategies to make India and Indian Bankers the best amongst the world.